 The following is a presentation of TFNN, The Tiger Technician Hour with your host, Hazel Chapman. Call now. Go free at 1-877-927-6648. Good morning everyone. I'm Hazel Chapman on this Tuesday, the 27th of June. And we're looking at the Dow up 61 at $33,078. Attempting to cross the Rubicon right here, $33,871 is the number to cross. Just to say that we're going to at least have a pretty decent balance as the 9-period moving average is still over the 14. Question came in. What do I consider a cell signal? So the definition for me is that a cell signal starts the initial, the technicals that I'm looking at have given enough evidence to say that there's a turnaround and it's the start of possibly a deeper turnaround. So that's either a cell signal and then if it gets upgraded to a cell mode, that's the definition that says that at that particular point the prices dropped enough to say that it has reached the criteria. Just like many people think that a 20% move down is really a correction. It is a serious move down in this particular, and all it does is gives you a title. It doesn't say, oh my God, cell, cell mode, that means just everything is going down. It means that the criteria is being met at this particular point. So the Dow, because it went under the 34,588 Chathamway Roman candle, a red inverted Roman candle, closed gap down and closed down sharply on the 20th, 16th of Friday was the high. The 20th was the next trading day. So that gave another Chathamway red Roman candle and we went halfway into the WIC and we tested and closed just above the low. We went below the low of that day of the 20th and we've been down ever since, except today, trying to make a new. This is the first time we've got actually an A with just a pop above the previous high. That's the first thing. So cell signal, for instance, let me just show you here. If the S&P today, instead of having a decent update, closes under yesterday's low, that says to me that's a cell signal. If, in fact, it closes two sessions, this is part of the criteria I use underneath. It could all happen in one day underneath yesterday's low of 4328. I'd probably say below 4327. I will say that the daily chart, not the weekly chart. I'm going one step at a time. The daily chart has gone from a cell signal and probably I'll say immediately that it's upgraded to a cell mode. But I do like the nine period moving average to close pink underneath the 14 period moving average. I wish to really confirm a cell mode in the case of the Dow. The reason why haven't those criteria were all met except for the nine period moving average under moving under the 14 is that there's residual strength. But I see that we've made for six sessions after the turnaround that Friday the 20th Friday the 16th, we had 12345 lower lows and lower highs. That to me, all of that says it's just a slow grind to the downside. It's not a smash. It's added up. It's cumulative 34,588 to 34,005. What was that yesterday? 34,610, a thousand points. That gives me on the daily chart a cell mode. But the reason that I haven't yet done even confirmed that there is a cell signal. I'm still calling a g-sash the alternate count at 44,48.47. The high of the 16th is because that nine is still very much above the 14 period moving average. But at the end of the day, we could start to see actually I should mention we are short the S&P. As we're looking at this QQQ, this has held so much better, but it did close yesterday under the 14. But look how much work has to be done for the green nine period moving average to move under it. So I'm ignoring all the weekly charts because those weekly charts, even though there's a peak D in the weekly chart of the Dow. I'm just for the moment, I go one step at a time and I haven't got the conviction yet to say that the S&P and the QQQ have given me cell signals. So really close. One is within, I'd say fractions of a cell signal. That's the S&P. So my analysis to go short the S&P a couple of days ago was based on a whole bunch of other factors. And the fact that we had used the UDOW, we have also bought the S, the short three times short Dow. At this particular point, I just want you to separate the two just so that I can think a little bit more clearly. But there's a chance that on this particular move, I will be considering if I see the technicals deteriorating. And by the end of the day, there isn't a rally to kind of save the day with the Dow up. It's now up 53. It's holding very nicely. The S&P did pull back to negative. Now it's up eight. So I'm watching this very closely because it's a process. That's what I like to say. So with that said, the IWM is in fact in a cell mode, closed four times now underneath the 14-period moving average. Look at this. We are within fractions of the 9-period moving average flipping negative in the IWM and the Russell 2000. So let's go to, I want you to go to next gold. You can see once we flip negative right here on the 16th of May, that was continued the next day. So around about 2015 with negative, yeah, we are 1925. So it's 100 points down and it's still showing negative signs. And look at the weekly chart. You finally got an S meaning that the weekly 9-period moving average has crossed underneath the 14-period moving average. But we have to wait till Friday's closed. It's a weekly chart. You can't talk about it in two weeks. You have to wait for the close. Look at silver, SI. Well, it's got a little bit better chart than gold. That's also, I think because it's got a practical usage. I think in electric vehicles in the batteries. So maybe that's the way the reason why it's holding a little bit better. It's up 0.03 at 22.85 underneath the 14-period moving average of 2325. It doesn't look all that great. High grade copper, high grade copper is pulling back from that peak after we discussed this the other day. We had John from Philly Calling and we looked at high grade copper continuous contract. And I said that 9-period moving average is still very strong over the 14, but it got repelled three times out of five sessions at the 200-period exponential moving average. Be careful because it looks to me like it wants to test. And I think I said the low of the 12th of June, which is 3.73. Right now the low of the day today is 3.75. A weekly chart is not looking all that great. What do you want to do next? Oh, I wanted to go to crude oil. Oh, I didn't do the job. Yeah, crude oil. There's your dreaded age pattern. What's the dreaded age pattern? That's this pattern I always talk about. And we're going to see a lot of that in the coming week or so. That's where it comes down sharply and makes a peak A or a B and then turns down and takes out the left side low. Well, it's done that. You did that once, you know, that peak D is doing it again. This is peak A right here. Let me just type that in. I said, you know what we're looking at? There's your peak A. It's actually holding quite well, but definitely looks weak. I'm holding well in the sense that it's taken one, two, three, four, four, four sessions to try to take up the left side low of the 12th of June. That caused the 12th of June, which was 66.319. I want to continue this project. I'll be back in a moment. I want to see if the dreaded age has worked together in the one minute chart. There's your dreaded age. Well, now it's trying to come back. We'll be right back. That was a check. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. 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I'm going to Google, this is not the trading shares, this is Google, Alphabet, C-Shares, Search Engine. 129.53 was the peak D high round about June the 6th or so, or was that June the 7th? And here's your dreaded age, the pattern I was just talking about right now. And it's gone below it and the 9-period moving average yesterday turned negative. It's a peak F and I haven't changed the notation yet because I felt very strongly that that D, with his head and shoulders potential right here taking out the neckline, and not one of my favorite patterns but I just wanted to talk about it, is quite forbidding. It just says, you know what, at least this gap, which is the gap from the high was the 10th of May at 113.51, next day the gap below is 114.93. So my thinking is that we could get into this area. All right, so looking for an enterprise to add, I'd hold off just a little bit zip, I'd wait for a little bit more of a pullback. And one of the reasons is, even in the stocks that have been hammered, for instance, we have a stock that we've taken lots and lots of profits in, kept a core position, wanted to add to it, missed by 9 cents after 20% decline, missed by 9 cents yesterday getting into it. And I say there's a potential 2 to 3 points that could be had on the upside, but there's a good chance that it's going to come back and do some retesting. So if we didn't get it by 10 minutes past 10 this morning, because we missed it by 9 cents yesterday, we've missed it. And I'm not chasing anything right now because the tide is turned, look, here's Google, let me show you another question came in, could I look at Murna? So Murna, I always say Murna, I used to have a Murna in my class in high school, way back, I can't remember her last name, but I do remember her. Moderna, Inc., Biotech, COVID, many other trials going on. The COVID days are gone, August 2021, it goes to 497.49, it's trading at 119.01 right now. I did have a left-side, right-side potential, but it took longer than I had written in. I should have gone to a particular candle, I didn't. I went to that failure high right there, the week of the 21st of January at 198.86, used that as the measurement to the right side, there's nothing absolutely clear here. But it's almost at the low of 115.03 that was made back in September of 2022. What was the low the other day? The low was 117.23. So it's really close. This is exactly the area. You see this base right here? Within 10 points of that base, Moderna should start at least an attempt to have a pretty decent rally. And what would the rally do? It might be a rally to get back to where we are today at 118. And then if it holds, 127 is the pink, nine-period moving average in the weekly chart. I don't know about 130 to the 40-period. It's just in the wrong area at the wrong time. And I don't know what they've got in play at this particular point in terms of the FDA approvals or anything to do with their research. And this A-pattern in the monthly chart still has the nine-period, very weak. The MACD is very weak. The unbalanced volume is holding okay. Stochastic is quite weak at 19%. Oh, it needs a lot of work to change the technical for a sustained rally. It could have a balance. But I'd be real careful. So if you have a longer term position, much lower down, I think that's fine as a long-term position. I think at some point there's a chance that Moderna does become like the Pfizer's and the Eli Lilly's in the pharma companies or even the biotechs like, let's see what Amgen's doing. Amgen has had a nice balance. Biopharma has gone to a peak B and now it's stalling. Yeah, it's just been tough for some of these. And the irony is that the pharmaceutical companies like Eli Lilly, look, LLY, all-time high as we speak, making it all-time high. I don't know if Mooc is making it all-time high. No, it did make the high at 119.65. The last high was made back in May, I think it was, of this year, plummeted down to 106. And now it's at 112. So this is peak A and this is peak B. Yeah, so a bit of stalling motion here. So yeah, I'd be kind of careful. I wouldn't want to add the second position just yet. Most importantly, the second position, I don't want to have it so that now you're averaging down. In other words, the second position should be a plan. The plan should be I'm getting in here. Let's just say you got in after the big move to the 497. You got in the 113s. I don't know where you got in. But if you're in a positive situation right now, I don't think I would add because it's just been in a failure pattern. It hasn't shown any sign of strength that at least I can monitor and say, hey, look at this, it's going to have a surprise move to the upside. That's sustainable. A popular can ask pops before, but it doesn't go over the 14 period of moving areas in the week each hour. So I just be real careful with that. Longer term, if you have done your own homework and you like it, then I'm just saying if you're asking my opinion, I'd hold off on the second position. I don't want to be averaging down. In other words, that would be the plan that you're in a great position. You had a big move up and now you've got to move down. And this is where you want to get your second entry. That's different to averaging down. All right. So let's see, we've got that. So question came in. Could I look at the NIO? So NIO made a peak C. It looked like it was holding well enough to go to a D, but then look what happened. If the sarcastic goes for just a couple of bars above 80%, and then quickly turns down with on balance volume, just be real careful. It's saying to you, no, not enough strength. I did draw this in a long time ago as one of, I believe, I don't know if it's accurate, but I drew this in as one of Larry's, Persevento's Gotti patterns. And it had a very nice bounce off that, but now it's taken out of my dreaded age, goes to a lowercase M. It took it out decisively. So that's NIO. I'd just be real careful if you're trading for inch a day stuff. Yeah, a little bounce. Yeah, the bounce can go a little bit further, but that was just too deep a pullback for me to feel comfortable to say, hey, great. I'd go long. I'd be careful. I just want to check this out here. This is the E-mini. So there's always two fighting patterns here. It was a cup formation that was fighting the arch formation, the arch formation one. And then what happened? It went to peak A, peak B. It's in leg C right now. This is a nice, you see, there are buyers there. And that's what I was saying to subscribers. We want to be careful. There was one position, as I say, that we wanted to buy. If we didn't get it by 10 to 10 this morning, I just said, forget about it. And I hadn't even thought of going along the Dow via the UDOW, just for a trade. But that's kind of conflict. Yeah, I am short, short's working. Okay. And I want to go long. I don't want to mix apples and oranges. Adobe, Adobe. Yeah, I looked at Adobe earlier. Let me tell you something about some of these stocks, ADBE. The other thing I'm shorting, oh, shorting Adobe. Oh, I didn't mean to do that in that shorting Adobe. Yes. I was looking at this. In fact, I'll do a little bit of, do I need to do any work? I think we've already got all notated already. It's one of those Google stocks, et cetera. Yes. I want to talk about this particular pattern. And then I'll answer the question about sell signal, going to sell mode. I'll be back. Steve Rhodes started his trading career as a student almost 20 years ago. And the student has now become the master. 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For more information, just click the Think or Swim banner on the front page of TFNN.com. My phones were back, so I had a good question about a two-click session. This has got a second P.D. here Underneath the previous high, I don't really like that. That's a pity that it did that. I would have loved if it just popped above 43.88. It could still do that, but this is not the pattern that I really like, but it is. The 9 is over the 14, the 1-minute chart. Look at this, the 10-minute chart. So the question came in as a two-click session. Right in this area at 8.30, at 8.30 when the low was 43.72 to 43.74, that was the best click but you had to sit through two big moves to the upside and then giving it almost all back. This would be a very frustrating two-click session and now you're at 43.83 after all that. This is a tough one, but absolutely if you were in at the 74 level and you had maybe a two-point stop, the low that was made right here at 10.20 was 43.74.50. So this is a real, this is a tough one because the bias I said to subscribers this morning, the bias is towards the upside today. It was a little bit yesterday and it's a lot more today and I expected that leg E, gray leg A in the Dow. Let me just go to this here and see what we've got. Yeah, so we've got a gray leg A. See right there? But the nine is still over the 14. So there is residual strength, but okay, here's something I wanted to talk about and I'm going to get to some of the questions that have come in. I showed this chart. It's a chart that I find I cannot put in the data that would make it a fabulous platform because some of it is very visual and if you were to do this, if you had to do it with, you know, computerized in other words, you had some kind of a program. There's just too many ifs and ands and all, but visually look, it's so easy. Back in November of 2022, I said we are in a period that has this hovering over us, this whole issue of yields, many big questions, inflation, just the potpourri of things. And that's the dark news cloud cover at any point the Dow ignores it. The same information on one day is ignored and the same information the next day is very important. And that says this whole area right here is a bad area. It's a bad area for news. Every time we get in there, something comes up. Well, I'm going to keep, and I said I'm just going to keep here as opposed to putting in little squares or rectangles. I'm just keeping this as the huge thing that's kept this market from making new all-time highs. To break above, in other words, I'll use the Dow right now. If the Dow on any day in the next six to eight weeks can even touch 35,000, we're out of this. Then I can go back to putting in little real squares to get shorter term nuanced. But at this particular point, you can see how the market's been repelled every time it gets into the 33,500 to 33,800, or sorry, 34,800, hasn't been able to get to that 35,000 level. But that's hovering over us. But I'm slowly seeing enough evidence to say within the context of this dark news cloud cover, things are lightening up a lot. In fact, the reason why I haven't gone fully negative and chosen particular stocks other than selective stocks that I think are coming down sharply is because I see a rotational correction going on. I still see PAVE. I'm going to get to Adobe Inniman. I still see, I typed in the wrong place. I still see PAVE, which is the ETF, global, you've got to click on that, and then it'll work. There it is. Okay. I still see it as, look at that, all-time high. As we're speaking, this is the global ex-US infrastructure. That's the reason why, just for a moment there, I thought, is it even possible that we are looking at a potential slide right now that is not those big multi-triple-digit down days in the Dow, and that we've really just consolidated. We've got to consider this more a consolidation, and that's really what I'm thinking. That's the reason why we have a small position and a three-time short. We are trying to get another one, which looks like that area could be due for some rotational correction. But if PAVE is making it all-time high, look at this trend line in the month. It's gone right to the door of the inside track repellent zone. And this is actually, oh, let me just check. Is this a D? Ho-ho-ho. No, this is still a C. The weekly chart is still extremely positive. All right. I wanted to just show you why I can't get just over-enthusiastic on the short side, but on the long side, very selectively, yes, we want to be adding to positions and we want brand-new positions. I've told the subscribers, but in the next couple of weeks, there are going to be really good buys coming up. And we want to be ready for them. We're already planning which ones and why and where. And that's going to be really important. So just go back to this e-mini for a second, then we'll go to Adobe. Yeah, so this is gone. There's a high that was made at peak F-top at 9.40 this morning at 43.90. Yeah, hard to see. 43.89. And this high right here was 43.88.25 at a peak E. So I do see some residual strength today and that's going to be flurries of buying. I don't know how much they can take. This 10-minute chart should go to a D. It should therefore go to 43 probably 92.93 and then we'll see what happens after that. So we'll see what happens. All right. Let's get back to our story. A question came in about Adobe, DBE. Adobe, yeah. So look, you see like a head and shoulders pattern. It's not exactly a carried gain if you had to have a program and you probably, that program would have a tough time and all I'm going to do in this case is usually the peak E I make it red and the little plus sign because that's where other things can happen. But at the same time, you've got a chapter and restart here. But if we take out 460 at any point, we're at 483.01, 460. Wait a minute. This is Adobe. No, if we take out this low right here, 472.32 in the next couple of days, then I think it's going to be pulling back quite sharply. So the question is, what was it? Yeah. Okay. And where was the question on Adobe? Oh, thinking of shorting Adobe, want to be near the 492.75 area? Your thoughts. Yes. So it's at 483. Now, the big problem here is that if Adobe closes over this candle right here, the 495.355 high of the 21st of June, it can make its way towards that high that was made at 518.74 on the 16th. So I'd be a little careful. Yeah, I agree with you. This looks like it wants to be one of those that's short-specified. I'll turn it down. Careful. The Dojo candle last week in a very small candle so far this week. But there is reason. It should be at 39. It's way above 50. So I'd be a little careful. Take this. The gold report. As a precious metal, gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market, and the Shanghai Gold Exchange. The gold report. Tom O'Brien publishes his weekly gold report every Monday morning for subscribers, consisting of coverage of the XAU, HUI, GDX, the Dollar, Bonds, the South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. The gold report. New subscribers get a 30-day money-back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at tfnn.com. 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GZ says, uh, 2000 Street WFC ready for last bottom with Julywall's fallback trade. Okay. And then says, um, Subject Len, XHB, Key, KRE, Hindenburg type activity that could lead to crash similar to 2003, question mark. You know, you could always get something like that. It could be, it could be anything. It could be political. It could be, uh, instrumental in, uh, how we, we're perceiving what the war's, you know, going like in, and, um, over in the Ukraine. Let me just get this as I'm looking at this. So let's just go through this. Len. So yes, Len. It's done spectacularly. Here's your leg D. We were missing the leg D. There's that leg D in the Chapman methodology. That's what you want from a bicycle upgraded to a buy mode, the D. You've got a D in the D, D in the weekly, a C in the, I have to call that C at this point, but I really should say it's really an E slash C because we never took out the low in the 20 area from 2020. So this could be a continuation pattern, but everything about it looks fresh. It looks good. The stochastic in the monthly is 89%. Everything looks good. So I'm calling that a C in the monthly in Lenar. Uh, what was it? X, H, B. I've done this so many times. I don't think I've got it now because I got shut down suddenly. Yeah, a blank chart. This is just frustrating as anything. So here we go. Peak A, peak B. This is almost like the S and P. Oh my goodness. This is peak A, peak B monthly. And then inside we've got an A. Remember if you get an inside peak A, B, C, and a D under the previous B, that negates that B. It's fulfilled other obligations by getting to a D. So this is still very strong. This is the X, H, B, which is the, the spider. Okay, let me just get this right here. This is the spider home builders. I tend to use the, not as a trading vehicle, but I tend to use the HGX. That is the Philadelphia housing sector index. This has gone to a leg D date. It looks like the others. Yeah, so let me just answer that question. I think it's a question for me because I had a question mark there and we've got others to come. So let me just do this. So this is a G slash B in the, in the weekly chart with all the technicals very strong. It's a leg C in the daily, in the monthly chart, 538, 36 was the all-time high back in May of 2021. We're at 539.81. As we speak, we're at 539.52. It's a new all-time high. And this, you see this C right here? That C is an overlapping wave with that peak B. This is what I was hoping we would see in the S&P in 2023. There's still time. We'll see what happens here. That is really powerful. That says we should still go to a D and the lip of 538.36 should be tested a couple of times. But this is powerful. This is a Chapman wave. In fact, I'll type it in here because I must make it absolutely sure that I've got a leg C. Yes, I do. Leg C. Oh my, this is worth doing and taking a little moment for. This is live on Tiger Financial News Network. So we've broken the Chapman wave falling exformation. Going to the upside, taking out all the left side resistance points. I would normally have gone like this from here, 538.36 to the low, which was right there, and had a measured move. Chapman wave, bar symmetry, left side, right side, price, time match. You parallel make that green. Oh my. Oh my. Look at this. I think it's early. Oh, it's one month early. One month early, we've broken it to the upside. Okay. This is either we get a double top now, but a leg C in an overlapping wave. So this is what I would normally type in. You see me do it with other charts. Certainly my subscribers have. I put Chapman wave over lapping wave. Actually, I usually squash it so that I can get in wave to leg D. I type in and I usually make it gray. So I'm not in that camp. I'm sorry. I just can't be in that camp about a crash at this particular point. I think if I'm right, I suspect that we're still going to get that major move that gets everybody into the market. The IAI, which is the, here we go, the IAI, which is the broker dealer ETF. We're still going for 45s. I did the 92 area. Actually, we'd all the way to 106 and now it's pulled back sharply. I suspect that this particular index will make all time highs in the 118, 122 area at some point when we get if I'm correct in saying that we haven't got the hysteria that you get when you're making serious major market tops. And I suspect that's going to happen. And there's no question in my mind that the artificial intelligence sector itself will be probably one of the leaders, one of the culprits. So that's what I'm looking at. So I don't see that we've already had pretty serious smash to the downside. Let's go to a KRE. KRE we once had it. We got out of it for a little bit of a profit. Here it is going from, there's a peak D in the 45-ish area right there. That's a down arrow. That's a sell signal. Upgrade to a sell mode. Even if there's a decent rally here, that was a designation at that particular time. We haven't taken out this left side low of June back in the 38 area. So you're at 40.73 up, 64 cents today. But look at that weekly chart. That is not a great looking chart at all in the weekly chart. The XLF. Oh, did you mention the XLF? I'll just do that right now. Oh, Hindenburg. Yeah. Now, I know that you're just quoting other people, but I'm just saying, I don't see it. I might be completely wrong with WFC as well as Fargo. We went to peak A, B, C, D, E, F over there, above the 200-period moving average. Now, under the 200-period moving average, it's just a struggling, struggling. It has made a peak D, I believe. I had notated all the banks, the money center banks. I just don't have it right here, but I'll just do this in a split second A. B, C. There's your D with a down arrow in the monthly, as well as Fargo. So the weekly has made the dreaded H now. It's trying to come out of it. That could be good, but it says that the left side high in the 49s, it's going to, 48s, 49, is going to be tough to break on this move. It needs more, it needs to build more strength. So my answer is, I don't see it. You could be 100% correct, but at this particular time, I don't see it. I would have been seeing it if right now, we are down. Look, let me just show you something. Let's go to the QQQ. If the QQQ at this particular point was in the 352 to 350 area, after just a week and a little bit of trading, I'd say, oh, that's really bad. But it just doesn't dive to the downside. And that says that 9th group moving average over the 14th, at any point, it can actually balance the game. So I'm just going to let Keck, if he had 80% of the downside and the green 9th group moving average, it will return to think. I'd say, oh, this could be a serious move down. No, I think I'm seeing isolated buying come in. 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TFNN.com – Educating Investors If you trade for 35 to 40 minutes above 187.50, it could get very close to the high it was made yesterday of 188.05, and then it could go to D, and then I think you've got to be a little bit careful, but there's no technical indication at all yet on Apple that it should pull back other than have a little bit of a digestive phase at this stage, but I'm watching the Doji possible candle at leg D in the weekly chart. A question came in Amazon, Amazon, we're looking at here. Amazon is trading, there's your peak D potential. But the weekly charts are still very strong. That's why I'm saying I think this is a digestive phase that's going to impact the daily charts a little bit the weekly charts, but the weekly charts are stocks that have been really strong. That can continue for a while longer. A question came in about where it was, whoops, whoops, whoops, whoops. Yes, could I look at Disney? So Disney is pulling back, it doesn't look great. One that I have liked for a long time, it's holding well, but it's still not giving me any big indication is six, which is six flags entertainment themes. I'm watching this one closely because this is where it should do well, but I believe that they're just, they're not very diligent in their bookkeeping and everything. If something's wrong, it's just that they don't, they don't manage the company as well as they should. So, okay, and another thing I want to just show you right here, the INDU, yes, the Dow is up, it's up and it's trying to challenge the next level, which will be the 33, 890 resistance. I'm watching this closely. I think that we've got a bounce coming here and that bounce could go a little bit further and then we've got to test everything. All right, folks, we've got a sale going on right now, here at T-Type Management Network. This is going to be a fantastic company coming up, choosing stuff that may give us some, maybe you're happy with the ad. This is what people at the OP Call News Federal are trying to get ad back to positions that we have to make for the gains. It's a good time to be doing it. Have a wonderful-